HLAL — Wahed FTSE USA Shariah ETF

Explicitly screened and structured to be Sharia-compliant.

Why?

HLAL tracks the FTSE USA Shariah Index, which applies business-activity and financial-ratio Sharia screens to US large- and mid-cap stocks. It is issued by Wahed, an Islamic-finance-focused asset manager.

How this was screened

Primary basis: Fund's own stated mandate.

References

• Screened against commonly applied Islamic finance criteria (business-activity exclusions plus AAOIFI-influenced financial ratio thresholds); exact methodology varies by provider (e.g. AAOIFI, S&P/Dow Jones Islamic Market, MSCI Islamic).

As of: 2026-09-06

This is informational guidance only, not investment advice or a certified Sharia determination. Financial ratios shift every quarter — always verify current figures with a dedicated Islamic screening service or qualified financial and religious advisor before making investment decisions.